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Subsequent Events
9 Months Ended
Sep. 30, 2018
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
Subsequent Events

On October 29, 2018, the Company announced the launch of GrainBridge LLC, a 50% joint venture with Cargill that will develop and offer revolutionary new digital tools to help farmers make more informed grain marketing decisions based on personalized production economics.

The Company amended the ADM Retirement Plan (the “Plan”) and on October 29, 2018, entered into a binding agreement to purchase a group annuity contract from The Prudential Insurance Company of America (“Prudential”), irrevocably transferring the future benefit obligations and annuity administration for approximately 3,800 retirees from the Plan to Prudential. The purchase of the group annuity contract was funded directly by the Plan’s assets and reduced the Company’s pension obligations by approximately $0.5 billion. As a result of the transaction, the Company expects to recognize a non-cash after-tax pension settlement charge of approximately $0.1 billion in the fourth quarter of 2018.